The major indices are climbing back up after closing down on Monday after Federal Reserve Chair Jerome Powell said upcoming rate hikes could get even more aggressive than last week’s 0.25% increase — and more in Tuesday’s stock market recap.
On Monday, Powell vowed to take “necessary steps” to fight what he called “too high” inflation, causing the market to sell off and break its five-session win streak.
But I’m not as concerned with where the markets close as I am with whether or not we break the previous day’s high.
If we can keep moving higher, and the major indices break above their 200-day moving averages, we’re going to have a lot of investors putting their money back in, and things will get bullish again.
In this morning’s stock market recap video, you’ll discover what’s driving price action right now… the practical levels that will drive the major indices higher… a full sector analysis and update on the hottest stocks… a deep dive into market internals… an update on the global economy… plus the hottest and weakest stocks, and their sectors.
Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to!
P.S. In a Sea of Red, I Found Some Green!
There’s a right way and a wrong way to trade this volatility.
The secret to finding winning trades right now is all in what I call the “Super Stocks.”
I’m going live at 1 p.m. EDT today, Tuesday, March 22, to break down a strategy that will help investors take a more systematic approach to trading.
I’m also giving out my new e-book so they can better understand all the information I’ll be sharing.
In it, I talk about the No. 1 mistake traders make that allows Wall Street algorithms to rob them blind. I also reverse engineer the algorithmic system I use in the strategy to show everyone exactly how it works.
Click Here to Register and Get My New E-Book!
P.P.S. When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.
That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m rolling out an all-new option for my students to receive trade alerts with Telegram!
Telegram allows me to get trade ideas, videos and watchlists to you in a matter of seconds.
Check out this short article we put together with instructions on how to download telegram and access my private channel. Go here to get the details.
Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
DOW (mini)
- Close: 34,552.99.
- Futures: 34,601.
- Change: +165.
S&P 500 (mini)
- Close: 4,461.18.
- Futures: 4,466.5.
- Change: +14.25.
NASDAQ (mini)
- Close: 14,376.09.
- Futures: 14,390.25.
- Change: +19.75.
RUSSELL (mini)
- Close: 2,065.94.
- Futures: 2,070.4.
- Change: +7.9.
Note: Updated as of 9:20 a.m. EDT
On Tuesdays, I’ll detail the strongest and weakest sectors in the entire market. I’ll tell you exactly where I’d put my money and go long, and which ones I’d avoid or even short. Using my proprietary momentum indicator, you’ll get actionable ideas on every market sector, every single Tuesday.
Need help understanding some basics that we discuss frequently? Check out some of our educational pieces to help get yourself up to speed! Have a question or a topic you’d like us to explain in a future article? Send your thoughts to support@marketgeeks.com!
- What Is the Dow and How Does It Work?
- A Beginner’s Guide to the Nasdaq and How to Trade It
- What Companies Make up the S&P 500 and How Can I Trade It?
- What Is the VIX? Understanding Stock Market Volatility
- A Beginner’s Guide to Stock Sector Analysis and Relative Strength
- How to Pick Winning Stocks With Simple Market Analysis Tools
Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.
